Get a VA Loan After A Short Sale
We are often asked by many people in California if it is possible to get a va loan after doing a short sale. The answer is yes absolutely, there are some qualify factors and they are as follow:
- You must be a veteran or active military.
- Two years must have past since the short sale, in some cases the VA will allow you to buy a home straight after the short sale but in this case there must have been a very good reason for the short sale and you must not have any credit issues caused by late payments of your mortgage.
SoCal VA Loans are experts in helping Veteran and Active Military get the loan they deserve, we are one of the few loan companies that truly understand how to get You the VA loan you deserve.
Most loan brokers,real estate agents and realtor will tell you it is impossible to get a new va loan after you have had a short sale or they say it will take 7 years before you can get a new loan and a new home.
We know for a fact you can get a VA loan after a short sale!
Call Rob our Expert VA Loan Broker on (888) 242-1723 to get you started on the path to your new home.
Got a Question about this or any other VA Loan Issues, fill in the form below and we will do our very best to help you get the answer you need.
What is a short sale?
A Short Sale is where you sell your home for less than the loan balance, this involves working with the bank or banks if you have more than one loan on the property. You will a number of items to qualify for a short sale including
- A Hardship letter explaining why you need to short sale
- Last 2 Bank statements
- Last 2 Pay Check Stubs
- Last 2 Years Tax Returns
- Last 2 Years Tax Returns
- A Financial Statement
If you need to works with some experts in this field I suggest you contact Troubled Property Solutions, San Diego Short Sale Experts.
